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  • SMSF member verification system

    APRA-regulated super funds can use the self-managed super fund (SMSF) member verification system to confirm if a member requesting a rollover to an SMSF is a member of that SMSF.

    You can access the system through the Business Portal using myGovID. Your myGovID needs to be linked to the fund in Relationship Authorisation Manager (RAM).

    On this page:

    Access and permissions

    Principal authority

    If you're the principal authorityExternal Link of the fund, you need to link your myGovIDExternal Link to the fund in RAM.

    Once linked, you can access the SMSF member verification system in the Business Portal on behalf of the fund and authorise employees and others access. This includes, setting up authorisation administrators who can also set up authorisations.

    RAM is connected to Access Manager. This means when you authorise someone using RAM, you can set their permissions for our online services, including the Business Portal, in Access Manager at the same time.

    If access is no longer required for an employee, a principal authority or authorisation administrator can remove access via RAM or directly through Access Manager.

    See also:

    Authorised user or administrator (act on behalf of a fund)

    If you access the SMSF member verification system through the Business Portal on behalf of a fund, you'll need:

    • a myGovIDExternal Link
    • to be authorised by the principal authority or authorisation administrator – use your myGovID to log into RAM and accept the authorisation.

    If you're authorised as an authorisation administrator, you can set up authorisations for others in RAM.

    See also:

    Review your procedures and processes

    APRA has released a Superannuation Prudential Practice Guide titled SPG 280 Payment standards for regulated superannuation funds and approved deposit funds.This link will download a file This will help you comply with the SIS legislative requirements for payments, transfers and rollovers.

    The guide provides advice on suggested practices and checks you should complete before you make a transfer or rollover into an SMSF. It also includes advice on incorporating the SMSF member verification system into your procedures and processes.

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    Last modified: 01 Jul 2020QC 23496